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Spectrum Talent Management IPO is a book build issue of ₹105.14 crores. The issue is a combination of fresh issue of 0.52 crore shares aggregating to ₹89.71 crores and offer for sale of 0.09 crore shares aggregating to ₹15.43 crores.
Spectrum Talent Management IPO bidding started from Jun 9, 2023 and ended on Jun 14, 2023. The allotment for Spectrum Talent Management IPO was finalized on Jun 19, 2023. The shares got listed on NSE SME on Jun 22, 2023.
Spectrum Talent Management IPO price band is set at ₹173.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,35,200 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,76,800.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Spectrum Talent Management IPO RHP for detailed Information.
| IPO Date | June 9, 2023 to June 14, 2023 |
| Listing Date | June 22, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹169 to ₹173 per share |
| Issue Price Final | ₹173 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 60,77,600 shares (aggregating up to ₹105.14 Cr) |
| Reserved for Market Maker | 3,04,000 shares Rikhav Securities Ltd. (aggregating up to ₹5.26 Cr) |
| Fresh Issue (Ex Market Maker) | 48,81,600 shares (aggregating up to ₹84.45 Cr) |
| Offer for Sale | 8,92,000 shares of ₹10 (aggregating up to ₹15.43 Cr) |
| Net Offered to Public | 57,73,600 shares (aggregating up to ₹99.88 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,79,07,496 shares |
| Share Holding Post Issue | 51,85,699 shares |
Spectrum Talent Management IPO offers total 60,77,600 shares. Out of which 5,76,000 (9.48%) allocated to QIB, 25,98,400 (42.75%) allocated to NII, 25,99,200 (42.77%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,04,000 (5.00%) |
| QIB Shares Offered | 5,76,000 (9.48%) |
| NII (HNI) Shares Offered | 25,98,400 (42.75%) |
| Retail Shares Offered | 25,99,200 (42.77%) |
| Total Shares Offered | 60,77,600 (100.00%) |
Spectrum Talent Management IPO opens on June 9, 2023, and closes on June 14, 2023.
| IPO Open Date | Fri, Jun 9, 2023 |
| IPO Close Date | Wed, Jun 14, 2023 |
| Tentative Allotment | Mon, Jun 19, 2023 |
| Initiation of Refunds | Tue, Jun 20, 2023 |
| Credit of Shares to Demat | Wed, Jun 21, 2023 |
| Tentative Listing Date | Thu, Jun 22, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 14, 2023 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,38,400 |
| Retail (Max) | 1 | 800 | ₹1,38,400 |
| HNI (Min) | 2 | 1,600 | ₹2,76,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2012, Spectrum Talent Management Limited is engaged in human resource and staffing services. They are Headquartered in Delhi.
As of 2023, the company has served more than 275 clients in domestic as well as offshore markets. The Human Resource database is the key asset for the industry, as on December 31, 2022, the entity has 15,606 personnel deployed at various locations for its clients.
The company is promoted by Mr. Vidur Gupta and Mr. Sidharth Agrwal. They hold a combined experience of 28 years in the staffing industry.
Spectrum Talent Management offers a wide array of services such as Payroll, Recruitment, Onboarding, and flexible staffing. Their comprehensive network, structured processes, professionalism, and strong work ethics is the key to staying on top intact on the global scale. The company strives at satisfying companies' staffing, and recruitment needs globally applying their specialized rich knowledge.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 4,081.10 | 32,362.37 | 675.96 | 1,500.36 | 1,025.36 | 422.19 |
| 31-Mar-21 | 4,630.20 | 30,296.00 | 476.41 | 1,976.30 | 1,026.30 | 60.72 |
| 31-Mar-22 | 6,479.29 | 48,372.17 | 1,552.71 | 2,827.37 | 1,972.37 | 1,026.88 |
| 31-Dec-22 | 8,657.66 | 58,415.74 | 1,997.46 | 4,844.57 | 3,053.82 | 255.09 |
| Amount in ₹ Lakhs | ||||||
The company proposes to utilize the Net Proceeds towards funding of the following objects:
[Dilip Davda] STML is one of the leading global staffing companies enjoying niche play with many verticals. It has also ventured out in mobile exports to gulf countries for the last two fiscals. The company has posted growth in its top and bottom lines and based on its FY23 earnings, the issue appears reasonably priced. Investors may consider parking funds with medium to long-term perspectives. Read detail review...
| Listing Date | June 22, 2023 |
| BSE Script Code | |
| NSE Symbol | SPECTSTM |
| ISIN | INE0OL001018 |
| Final Issue Price | ₹173 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹173.00 |
| Open | ₹155.00 |
| Low | ₹147.25 |
| High | ₹155.00 |
| Last Trade | ₹147.25 |
Spectrum Talent Management Ltd.
B- 46, Retreat Apartments,
20,
I.P Extension,
Delhi, New Delhi, 110092
Phone: 0120-4258857
Email: cs@stmpl.co.in
Website: http://www.stmpl.co.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Spectrum Talent Management IPO is a SME IPO of 60,77,600 equity shares of the face value of ₹10 aggregating up to ₹105.14 Crores. The issue is priced at ₹173 per share. The minimum order quantity is 800.
The IPO opens on June 9, 2023, and closes on June 14, 2023.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Spectrum Talent Management IPO using UPI as a payment gateway. Zerodha customers can apply in Spectrum Talent Management IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Spectrum Talent Management IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Spectrum Talent Management IPO opens on June 9, 2023 and closes on June 14, 2023.
Spectrum Talent Management IPO lot size is 800, and the minimum amount required for application is ₹1,38,400.
You can apply in Spectrum Talent Management IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Spectrum Talent Management IPO will be done on Monday, June 19, 2023, and the allotted shares will be credited to your demat account by Wednesday, June 21, 2023. Check the Spectrum Talent Management IPO allotment status.
The Spectrum Talent Management IPO listing date is on Thursday, June 22, 2023.
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